Illegal migrants are SP, BSP vote bank: Amit Shah

Agencies
February 9, 2019

Maharajganj/Jaunpur, Feb 9: BJP president Amit Shah on Friday called illegal migrants a vote bank of the SP and the BSP and also targeted the opposition over the issues of triple talaq and the Ayodhya dispute.

He said “every single intruder” will be sent home if the BJP returns to power.

Shah said the party remained committed to the construction of the Ram temple at the disputed site in Ayodhya, and challenged the opposition parties to spell out their own stands on the issue.

He was addressing booth-level party workers in Maharajganj and later in Jaunpur, in a series of such interactions in the run-up to the Lok Sabha elections.

In Jaunpur, he brought up the surgical strike against militant camps in Pakistan-held territory in 2016.

"When army personnel came back after avenging the death of their colleagues, there was a major change globally as there are only two countries which have avenged the death of their army personnel -- Israel and United States,” he said.

“India was included in that category because of Prime Minister Narendra Modi," he said.

Raising the issue of illegal migrants from Bangladesh, he said in Maharajganj, "Should the intruders not be thrown out of the country?”

He said the recent exercise on the National Register of Citizens (NRC) in Assam had identified 40 lakh such people, “and the process of throwing them out has started”.

"If UP elects the Narendra Modi government again in 2019, from Kashmir to Kanyakumari, from Assam to Gujarat, from Uttar Pradesh to Uttarakhand, every single intruder will be ousted,” he said.

"These intruders may be a vote bank for "bua” and “bhatija”,” Shah said, referring to alliance partners Bahujan Samaj Party chief Mayawati and Samajwadi Party president Akhilesh Yadav. “For us, it is national security that is most important."

He referred to Congress women wing chief Sushmita Dev remark Thursday that the party will scrap the triple talaq law if it comes to power, and asked, "Should Muslim women and girls not get their rights?”

“Every woman in the country has the right to her dignity and Modi will give this right to Muslim women as well," Shah said.

The Bharatiya Janata Party chief said all BJP workers want to know the party's stand on the Ram temple.

"I want to make it clear that the BJP is committed to building a grand Ram temple at the same place at the earliest," he said.

He charged that the Congress wanted the Ayodhya land case taken up only after the elections.

He said the faith of crores of people was attached to the case, and asked the Congress, “Whom do you want to appease?"

"I have said here that the BJP is committed to the Ram temple's construction, but I want to ask bua-bhatija and Rahul baba to clear their parties' stand on it,” he said, throwing a challenge at UP's opposition alliance and the Congress.

“If they do not want it, they should clearly tell the people. Whatever their stand is, the BJP will get a grand temple built there," he said.

Shah recalled that the Centre has moved the Supreme Court seeking permission to return the uncontested land adjacent to the disputed site to its original owners.

He referred to Congress women wing chief Sushmita Dev remark Thursday that the party will scrap the triple talaq law if it comes to power.

"Should Muslim women and girls not get their rights?” he said.

“Every woman in the country has the right to her dignity and Modi will give this right to Muslim women as well," Shah said.

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Haamid
 - 
Saturday, 9 Feb 2019

Criminal,one of the worst politican of our country

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Agencies
July 3,2020

The dollar's dominance will slowly melt away over the coming year on weakening global demand and a sombre U.S. economic outlook, according to a Reuters poll of currency forecasters whose views depend on there being no second coronavirus shock.

Despite fears a surge in new Covid-19 cases would delay economies reopening and stymie a tentative recovery, world stocks have rallied - with the S&P 500 finishing higher in June, marking its biggest quarterly percentage gain since the height of the technology boom in 1998.

Caught between bets in favour of riskier investments, weak U.S. economic prospects as well as an easing in the thirst for dollars after the Federal Reserve flooded markets with liquidity, the greenback fell nearly 1.0 per cent last month. It was its worst monthly performance since December.

While there was a dire prognosis from the top U.S. medical expert on the coronavirus' spread, the June 25-July 1 poll of over 70 analysts showed weak dollar projections as Fed Chair Jerome Powell on Monday reiterated the economic outlook for the world's largest economy was uncertain.

"The dollar rises in two instances: when you see risk off or when there is a situation where the U.S. is leading the global recovery, and we don't think that's going to be the case anytime soon," said Gavin Friend, senior FX strategist at NAB Group in London.

"The U.S. is playing fast and loose with the virus, and chronologically they're behind the rest of the world."

Currency speculators, who had built up trades against the dollar to the highest in two years during May, increased their out-of-favour dollar bets further last week, the latest positioning data showed.

About 80 per cent of analysts, 53 of 66, said the likely path for the dollar over the next six months was to trade around current levels, alternating between slight gains and losses in a range. That suggests the greenback may be at a crucial crossroad as more currency strategists have turned bearish.

But more than 90 per cent, or 63 of 68, said a second shock from the pandemic would push the dollar higher. Five said it would push the U.S. currency lower.

Much will also depend on debt servicing and repayments by Asian, European and other international borrowers in U.S. dollars.

While an early shortage of dollars in March from the pandemic's first shock pushed the Fed to open currency swap lines with major central banks, international funding strains have eased significantly since. In recent weeks, usage of the facility has reduced dramatically.

That trend is expected to continue over the next six months with major central banks' usage of swap lines to "stay around current levels", according to 32 of 46 analysts. While 13 predicted a sharp drop, only one respondent said use of them would "rise sharply".

The dollar index, which measures the greenback's strength against six other major currencies, has slipped over 5 per cent since touching a more than three-year high in March.

When asked which currencies would perform better against the dollar by end-December, a touch over half of 49 respondents said major developed market ones, with the remaining almost split between commodity-linked and emerging market currencies.

"The dollar is so overvalued, and has been overvalued for a long time, it's time now for it to come back down again, as we head towards the (U.S.) election," added NAB's Friend.

Over the last quarter, the euro has staged a 1.8 per cent comeback after falling by a similar margin during the first three months of the year. For the month of June, the euro was up 1.2 per cent against the dollar.

The single currency was now expected to gain about 2.5 per cent to trade at $1.15 in a year from around $1.12 on Wednesday, slightly stronger than $1.14 predicted last month. While those findings are similar to what analysts have been predicting for nearly two years, there was a clear shift in their outlook for the euro, with the range of forecasts showing higher highs and higher lows from last month.

"In comparison to even a month or two ago, the outlook in Europe has improved significantly," said Lee Hardman, currency strategist at MUFG.

"I think that makes the euro look relatively more attractive and cheap against the likes of the dollar. We're not arguing strongly for the euro to surge higher, we're just saying, after the weakness we have seen in recent years, there is the potential for that weakness to start to reverse."

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Agencies
January 15,2020

Mumbai, Jan 15: Michael Debabrata Patra took over as Deputy Governor of the Reserve Bank of India (RBI) on Wednesday.

He was an Executive Director of India's central bank before being elevated to the post of Deputy Governor.

An RBI release said that as Deputy Governor, Patra will look after Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department.

He will also look after Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics and Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

Patra, a career central banker since 1985, has worked in various positions in the Reserve Bank of India.

As Executive Director, he was a member of the Monetary Policy Committee (MPC) of RBI, which is invested with the responsibility of monetary policy decision making in India. He will continue to be an ex-officio member of the MPC as Deputy Governor.

Prior to this, he was Principal Adviser of the Monetary Policy Department, Reserve Bank of India between July 2012 and October 2014.

He has worked in the International Monetary Fund (IMF) as Senior Adviser to Executive Director (India) during December 2008 to June 2012, when he actively engaged in the work of the IMF's Executive Board through the period of the global financial crisis and the ongoing Euro area sovereign debt crisis.

The release said that his book "The Global Economic Crisis through an Indian Looking Glass" vividly captures this experience.

He has also published papers in the areas of inflation, monetary policy, international trade and finance, including exchange rates and the balance of payments.

A fellow of the Harvard University where he undertook post-doctoral research in the area of financial stability, he has a PhD in Economics from the Indian Institute of Technology, Mumbai.

He will hold the post for three years or until further orders. The post fell vacant after Viral Acharya resigned on July 23 last year.

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News Network
May 28,2020

Bhopal, May 28: A Bhopal-based high net worth individual hired a 180-seater A320 plane of a private carrier to ferry four family members to New Delhi, in a bid to avoid crowd at the airport and in flight amid the COVID-19 outbreak, officials said on Thursday.

The person, who is a liquor baron, chartered the aircraft to send to Delhi his daughter, her two children and their maid, who were stuck in Bhopal since the last two months due to the coronavirus-induced lockdown, sources said.

The plane arrived here from Delhi on Monday with crew only and flew back with just four passengers for whom it was specially hired, they said.

"The A320 180-seater plane arrived here on May 25 to carry four members of a family, probably due to the coronavirus scare. It was chartered by someone and there was no medical emergency, an airline official said, refusing to divulge any further details.

Bhopals Rajabhoj Airport Director Anil Vikram could not be contacted for comments.

According to aviation experts, the cost of hiring an Airbus-320 is about Rs 20 lakh.

Domestic commercial flight services resumed from Monday, after a nearly two-month break due to the coronavirus-enforced lockdown.

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